CLX announces terms for rights issue

Stockholm, June 1 2016 – CLX Communications AB (publ) (”CLX” or the “Company”) announced on May 13, 2016, that the Board of Directors had resolved to, subject to the approval by the Extraordinary General Meeting, launch a fully committed and guaranteed rights issue (the “Rights issue”) in order to finance part of the acquisition of all shares in Mblox Inc. Today, CLX’s Board of Directors announces the final terms and conditions for the Rights issue.

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For additional information, please contact:
Johan Hedberg, CEO, +46 (0)8 32 75 10, ir@clxcommunications.com
Odd Bolin, CFO, +46 (0)8-32 75 10, ir@clxcommunications.com

Media contact:
Kristian Männik, CMO, +46 (0)8-32 75 10 pr@clxcommunications.com

About CLX Communications
CLX was founded in 2008 with a mission to simplify communications globally. CLX has since then developed into a leading provider of cloud-based communications services and solutions to enterprises and mobile operators, with particular strength in the enterprise messaging market. Mobile communications services from CLX make it possible for enterprises to communicate globally with people and connected devices (Internet of Things, IoT) swiftly, securely and cost-effectively. CLX’s solutions enable business-critical communication worldwide via mobile messaging services, voice services and mobile data connectivity services for IoT. CLX has over 600 enterprise customers globally, including a large number of global blue-chip enterprises, and over 70 Communications Service Provider customers (of which approximately 60 are mobile operators) that have installed and use CLX’s internally developed software-based communications platform in their businesses.

CLX has demonstrated strong financial performance since its inception in 2008 and has increased its revenues from SEK 416 million in the twelve months ended June 30, 2013 to SEK 844 million in the twelve months ended June 30, 2015, corresponding to a compound annual growth rate of 42 per cent. For the twelve months ended June 30, 2015, CLX reported EBITDA of SEK 93 million and EBIT of SEK 89 million, corresponding to an EBIT margin of approximately 10.5 per cent.

CLX Communications AB  (org.nr. 556882-8908)

Kista Science Tower, Box 1219, 164 28 Kista, Stockholm, Sverige
Web: www.clxcommunications.com , mail: info@clxcommunications.com , tel: +46 8 32 75 10

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CLX Communications AB is a leading global provider of cloud-based communications services to business and software solutions to mobile operators. CLX flexible interface allows businesses to securely and cost-effectively communicate globally with their customers and connected devices (Internet of Things) via SMS, voice and mobile data. Thanks to the direct operator relationships CLX reaches just over 7 billion mobile phones and connected devices in the world. CLX has over 550 corporate customers and 70 operator customers. The company was founded in 2008 and is headquartered in Kista, Stockholm and offices in 10 countries. Sales 2014/2015 was 844 million. For more information see www.clxcommunications.com.
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